About Sastrify
Sastrify is a company based in Koln (Germany) founded in 2020 by Sven Lackinger and Maximilian Messing was acquired by Deel in May 2026. Sastrify has raised $45.3 million across 6 funding rounds from investors including Deel, FirstMark and Reimann Investors. Sastrify has completed 1 acquisition, including Pengu. Sastrify offers products and services including Sastrify Platform, IT Procurement Software, and Software Marketplace. Sastrify operates in a competitive market with competitors including Apptio, Flexera, Anodot, BetterCloud and Spot, among others.
Products & Services of Sastrify
Sastrify offers a comprehensive portfolio of products and services, including Sastrify Platform, IT Procurement Software, and Software Marketplace.
AI-based tool for discovering Shadow IT and assessing compliance risks
Manages contracts, tracks renewals, and optimizes software costs effectively
Platform for integrations and vendor management in IT ecosystems
Apps and channels of Sastrify
its YouTube channel Sastrify has 24 subscribers and 14 videos.
Videos from Sastrify
The most watched videos on Sastrify's YouTube channel, Sastrify (24 subscribers). Click a video to play it here.
More on Sastrify.
Funding Insights of Sastrify
Sastrify has successfully raised a total of $45.3M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $45.3M
- Total Rounds 6
- First Round $1.3M
(Nov 2020)
- Investors Count 16
All 6 funding rounds of Sastrify with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2023 | – | Series B | – | Reimann Investors | – |
| May 2023 | $22M | Series B | – | Endeit Capital | |
| May 2023 | $10M | Debt – Conventional | – | – | |
| Jan 2022 | $15M | Series A | – | FirstMark | |
| Aug 2021 | $7M | Series A | – | HV Capital | – |
| Nov 2020 | $1.3M | Seed | – | TS Ventures |
17 investors in total: 10 institutional and 7 angel.
Investors in Sastrify
Sastrify has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Deel, FirstMark and Reimann Investors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Family office of Reimann family | – | reimann-investors.com | Grunwald, Germany | |
Edtech, digital media, eCommerce companies are funded by Endeit Capital. | – | endeit.com | Amsterdam, Netherlands | |
Venture capital investments are made in sustainable, innovative startups by Simon Capital. | 2000 | simoncapital.com | Germany | |
Venture capital funding is provided to digital company founders. | – | hvcapital.com | Munich, Germany | |
Early-stage venture capital is invested in tech startups across sectors. | 1987 | firstmark.com | New York, United States | |
Venture finance services, including debt and equity, are provided to capital-backed companies globally. | – | triplepointcapital.com | - | |
Venture capital fund focused on multiple sectors | – | tsventures.io | Bergisch Gladbach, Germany | |
Discovery Ventures is focused on healthcare venture capital investments. | – | discovery.vc | London, United Kingdom | |
Early-stage R&D projects are supported through venture capital investments. | 2018 | discovery.fund | Łódź, Poland | |
Cloud-based HRMS solutions are delivered for enterprise compliance and payroll. | 2019 | deel.com | San Francisco, United States |
Investor details for Sastrify
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Sastrify
26 people are tracked at Sastrify (7 in leadership, 19 in team).
| Name | Role | Group |
|---|---|---|
Sven Lackinger | Co-Founder & CEO | Leadership |
Maximilian Messing | Co-Founder & CTO | Leadership |
Dominik Senk | VP Operations & Procurement | Leadership |
Friederike Möcker | Head of People & Culture | Leadership |
Elaine Hladik | Head Of Growth | Leadership |
Sergio G. Chavez | Global Head of Marketplace & Partnerships | Leadership |
Moritz Diedrich | Head Of Finance | Leadership |
Michael Sanni | Senior Software Engineer | Team |
Ana Simonovic | Full Stack Engineer | Team |
Ivana Flos Berga | SaaS and Cloud Specialist | Team |
Nikola Radovic | Full Stack Developer | Team |
Stefan Daničić | Senior Software Engineer in Test | Team |
Claudia Korenko | People Experience Specialist | Team |
Dr. Stefan Katzenmeier | Team Lead Marketplace Business Development | Team |
Caren Brühan | Talent Acquisition Manager | Team |
Joseph Lawhorn | Senior People Operations Manager | Team |
Katja Rickert | Enterprise Procurement Specialist | Team |
Nenad Ristic | Engineering Lead | Team |
Raluca Chirila | Sr. Tech Talent Acquisition Manager | Team |
Niklas Julian Kriesten | Finance | Team |
6 more people are available in the full profile.
Complete people profiles for Sastrify
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Investments & Acquisitions by Sastrify
Sastrify has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pengu.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
SaaS-enabled solutions for supply chain spend management are offered. | pengu.co | Amsterdam, Netherlands | 2022 | Nov 2023 | •••• |
Complete acquisition details for Sastrify
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Competitors of Sastrify
Sastrify operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Apptio, Flexera, Anodot, BetterCloud and Spot, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| apptio.com | 2007 | Bellevue, United States | $136M | – | Cloud spending is managed for enterprises through a specialized platform. | |
| flexera.com | 2008 | Itasca, United States | $5.76M | 755 | Cloud management solutions are delivered via an online IT platform. | |
| anodot.com | 2014 | – | $64M | – | AI based cost management platform | |
| bettercloud.com | 2011 | New York, United States | $186.87M | 277 | SaaS applications management and security solutions are provided by BetterCloud. | |
| spot.io | 2015 | San Francisco, United States | $35M | – | Cloud spend management software is offered by Spot's platform. | |
| silversky.com | 1997 | Guildford, United Kingdom | $31.5M | – | Cloud security and compliance solution company | |
| vendr.com | 2018 | Boston, United States | $216.15M | 180 | SaaS management platform is provided for procurement and IT teams. | |
| withorb.com | 2019 | San Francisco, United States | $44.1M | 41 | Infrastructure monitoring is enabled via usage-based billing platform. | |
| cloudability.com | 2011 | Portland, United States | $44.03M | 110 | Cloud expenses are monitored and analyzed for organizational efficiency. |
Detailed competitors of Sastrify
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Sastrify
The website of Sastrify (sastrify.com) receives about 8.5K visits a month.
- Monthly visits8.5K
▼ 25.7% vs previous month
Websites whose visitors overlap most with Sastrify. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| eqs.com | 100% | 185.3K | #248,424 | View details | |
| cledara.com | 73% | 61.7K | #342,823 | View details | |
| sast-solutions.de | 28% | 1.2K | #12,550,577 | View details |
Latest news on Sastrify
Complete news archive for Sastrify
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Sastrify
10 companies that operate in the same segment as Sastrify (GRC, Risk & Compliance Software), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 2,241 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 3,940 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | – | – | |
Cloud security posture management solutions are provided by the platform. | 2000 | Sunnyvale, California, United States | USD 54.2 M | USD 6.8 B | 14,140 | |
Digital workplace safety tools for inspections and audits are provided. | 2004 | Surry Hills, New South Wales, Australia | USD 297.93 M | – | – | |
Compliance and risk management platform is offered to enterprises. | 2016 | San Francisco, California, United States | USD 503.05 M | – | – | |
Cloud-based tax compliance solutions are delivered for businesses worldwide. | 2004 | Seattle, Washington, United States | USD 342.97 M | USD 65.53 M | 1,623 | |
Hybrid cloud infrastructure solutions are delivered for business management. | 1977 | Austin, Texas, United States | – | USD 1.79 B | 8,890 | |
Cloud based identity governance and administration software | 2005 | Austin, Texas, United States | USD 26.65 M | USD 1.07 B | 2,740 | |
Online payment solutions are offered to consumers and businesses. | 1998 | San Jose, California, United States | USD 216 M | USD 31.79 B | 24,400 |
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Frequently Asked Questions about Sastrify
Sastrify was founded in 2020.
Sastrify is headquartered in Koln, Germany. It is registered at Koln, North Rhine-westphalia, Germany.
Sven Lackinger is the current CEO of Sastrify. They have also founded this company.
Sastrify is a funded company, having raised a total of $45.3M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.3M, raised on Nov 2020.
Sastrify was founded in 2020 and is headquartered in Cologne, Germany. The company operates in the IT sector, providing an AI-driven platform for software management. Procurement spending is managed, renewals and negotiations are planned, risks are assessed, and documentation is automated through its tools. Features such as automated supplier negotiations, contract management, and customized tag filters are included to support these operations.
Sastrify's top competitors include Apptio, Flexera and BetterCloud.
Sastrify offers Sastrify Platform, IT Procurement Software, and Software Marketplace.
Sastrify has made 1 acquisition, including Pengu.
Sastrify has 17 investors. Key investors include Deel, FirstMark, Reimann Investors, Endeit Capital, and Simon Capital.
Sastrify operates through Sastrify Gmbh.
Yes. Sastrify was acquired by Deel in May 2026.